Common use of Retirement Health Benefits Clause in Contracts

Retirement Health Benefits. The District shall maintain a health insurance assisted retirement plan which provides each retiree insurance with his/her choice of the plans offered to all active unit members. To be eligible to participate in this program, a unit member must be at least 53 years of age with at least ten (10) years of service in the Calaveras Unified School District, and must submit a letter of resignation to the District indicating a definite intention to retire. Any service in a school district other than a substitute basis after the date of resignation will terminate eligibility for participation in the health insurance assisted retirement plan. Unit members hired before July 1, 1996, shall receive District support based upon the following: Retirement Age 53-55 District pays 100% of Premium Cost Retirement Age 56 District pays 95% of Premium Cost Retirement Age 57 District pays 90% of Premium Cost Retirement Age 58 District pays 85% of Premium Cost Retirement Age 59 District pays 80% of Premium Cost Retirement Age 60 District pays 75% of Premium Cost Retirement Age 61 District pays 70% of Premium Cost Retirement Age 62 District pays 65% of Premium Cost Retirement Age 63 District pays 60% of Premium Cost Retirement Age 64 District pays 55% of Premium Cost Unit members hired after July 1, 1996, retiring under this plan shall have District-assisted health insurance premium payments to age 65 providing that they elect to do so at the time of retirement, and there is no break in membership in the benefit program. District support shall be as follows: Retirement Age 53-55 District pays 100% of Benefit Cap Amount Retirement Age 56 District pays 95% of Benefit Cap Amount Retirement Age 57 District pays 90% of Benefit Cap Amount Retirement Age 58 District pays 85% of Benefit Cap Amount Retirement Age 59 District pays 80% of Benefit Cap Amount Retirement Age 60 District pays 75% of Benefit Cap Amount Retirement Age 61 District pays 70% of Benefit Cap Amount Retirement Age 62 District pays 65% of Benefit Cap Amount Retirement Age 63 District pays 60% of Benefit Cap Amount Retirement Age 64 District pays 55% of Benefit Cap Amount At age 65 all unit members may elect to continue medical, dental, and vision through the CUEA chosen provider at their own expense. Unit members may also elect to remain on the District Dental and Vision policies, if they are applicable, from the date of retirement at their own expense.

Retirement Health Benefits. The District shall maintain a health insurance assisted retirement plan which provides each retiree insurance with his/her choice of the plans offered to all active unit members. To be eligible to participate in this program, a unit member must be at least 53 years of age with at least ten (10) years of service in the Calaveras Unified School District, and must submit a letter of resignation to the District indicating a definite intention to retire. Any service in a school district other than a substitute basis after the date of resignation will terminate eligibility for participation in the health insurance assisted retirement plan. Unit members hired before July 1, 1996, shall receive District support based upon the following: Retirement Age 53-55 District pays 100% of Premium Cost Retirement Age 56 District pays 95% of Premium Cost Retirement Age 57 District pays 90% of Premium Cost Retirement Age 58 District pays 85% of Premium Cost Retirement Age 59 District pays 80% of Premium Cost Retirement Age 60 District pays 75% of Premium Cost Retirement Age 61 District pays 70% of Premium Cost Retirement Age 62 District pays 65% of Premium Cost Retirement Age 63 District pays 60% of Premium Cost Retirement Age 64 District pays 55% of Premium Cost Unit members hired after July 1, 1996, retiring under this plan shall have District-assisted health insurance premium payments to age 65 providing that they elect to do so at the time of retirement, and there is no break in membership in the benefit program. District support shall be as follows: Retirement Age 53-55 District pays 100% of Benefit Cap Amount Retirement Age 56 District pays 95% of Benefit Cap Amount Retirement Age 57 District pays 90% of Benefit Cap Amount Retirement Age 58 District pays 85% of Benefit Cap Amount Retirement Age 59 District pays 80% of Benefit Cap Amount Retirement Age 60 District pays 75% of Benefit Cap Amount Retirement Age 61 District pays 70% of Benefit Cap Amount Retirement Age 62 District pays 65% of Benefit Cap Amount Retirement Age 63 District pays 60% of Benefit Cap Amount Retirement Age 64 District pays 55% of Benefit Cap Amount At age 65 all unit members may elect to continue medical, dental, and vision through remain on the CUEA chosen provider District health insurance policy at their own expense. Unit members may also elect to remain on the District Dental and Vision policies, if they are applicable, from the date of retirement at their own expense. Unit members, at the time of retirement, can opt for the minimum available benefit package offered by the District and be paid, in cash, 50% of the premium savings between the minimum available plan and the plan the unit member would have otherwise received. The retiree must provide notification to the District by July 1 for each ensuing year of his/her intent to opt out. The decision to elect for the annual buyout must be made each year, and does not trigger future year buyouts automatically. Unit members who are absent due to illness and who have exhausted their accumulated paid leaves shall continue to receive coverage as defined in Appendix A-3 through the end of the school year in which the illness occurred. Unit members on Board approved leaves of absence shall have the option to continue to receive District insurance coverage for the period of the leave upon reimbursement to the District of the full cost of this coverage. Changes in teacher benefits which are brought about by the amendment or addition to statutory guarantees now provided by California or Federal guarantees or not provided in California or Federal Law shall be incorporated into this Agreement. Within ten (10) days of such change, either party may request renegotiation of the changed item to ascertain its impact on the original Agreement and to make whatever changes are necessary to maintain the intent of the Agreement. Negotiations must commence as soon as possible after the request to do so. Salaries Unit members covered by this Agreement shall be paid salaries as stated in the attached Salary Schedule (Appendix A-4), providing they have the appropriate teaching credential and have rendered service. Any unit member with a District-assigned class load during a scheduled preparation period will receive an additional one-sixth (1/6) of his/her salary as compensation. The District’s contribution for part-time unit members’ salaries, benefits and duty assignments shall be prorated to reflect the percentage of time worked as compared to that of a full-time unit member. The classifications in the salary schedule are based upon the training and experience of each unit member. Steps within each classification are based upon full years of teaching service. Out-of-district credit is given on a year-for-year basis. Teaching assignments outside of the regular duty schedule shall be paid according to the Certificated Hourly Schedule (Appendix A-5). Professional Growth: Bargaining unit members who submit units for salary schedule advancement by the end of June will receive their pay increase in the July pay warrant. Unit members who currently have a request for salary advancement on file in the personnel office or are enrolled in the TCATS program will receive retroactive pay should they be eligible for salary advancement, and turn in proof of units by September 10, 2013 (Appendix A-6). Unit Members asked to substitute for an absent unit member during their lunch or prep period shall be paid according to the Special Assignment Certificated Hourly Schedule (Appendix A-5). One Year Final Compensation Retirement Benefit The District provides Assembly Xxxx 123 - One Year Final Compensation Retirement Benefit, which includes the District paying to the State Teachers’ Retirement System (STRS) the present value cost of this benefit as well as the administrative costs incurred by the STRS in the establishment of the program. To be eligible to participate in this program, a unit member must be at least 53 years of age with at least ten (10) years of service in the Calaveras Unified School District and must submit a letter of resignation to the District indicating a definite intention to retire.